CPLB vs. OILK
CPLB (NYLI MacKay Core Plus Bond ETF) and OILK (ProShares K-1 Free Crude Oil ETF) are both exchange-traded funds - CPLB is a Intermediate Core-Plus Bond fund actively managed by NYLI, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. CPLB is actively managed, while OILK is passively managed. Over the past 5 years, CPLB returned 0.42%/yr vs 14.44%/yr for OILK. Their -0.15 correlation means they have often moved in opposite directions in the past. CPLB charges 0.30%/yr vs 0.69%/yr for OILK.
Performance
CPLB vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, CPLB achieves a 0.10% return, which is significantly lower than OILK's 52.43% return.
CPLB
- 1D
- -0.20%
- 1M
- -1.01%
- 6M
- -0.25%
- YTD
- 0.10%
- 1Y
- 2.84%
- 3Y*
- 5.40%
- 5Y*
- 0.42%
- 10Y*
- —
- ALL TIME*
- 0.66%
OILK
- 1D
- 0.57%
- 1M
- 12.53%
- 6M
- 35.52%
- YTD
- 52.43%
- 1Y
- 38.09%
- 3Y*
- 11.27%
- 5Y*
- 14.44%
- 10Y*
- —
- ALL TIME*
- 3.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.63M | $2.45M | $1.64M | |
| $7.09M | $6.91M | $10.69M |
CPLB vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 0.10% | 7.76% | 4.19% | 7.16% | -14.44% | 0.35% |
OILK ProShares K-1 Free Crude Oil ETF | 52.43% | -11.86% | 8.18% | -0.97% | 27.57% | 9.21% |
Correlation
The correlation between CPLB and OILK is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.39 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | -0.15 |
Over the past year, the inverse relationship between CPLB and OILK has strengthened: their correlation has moved from -0.15 to -0.39, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CPLB vs. OILK — Risk / Return Rank
CPLB
OILK
CPLB vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) and ProShares K-1 Free Crude Oil ETF (OILK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPLB | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.61 | -0.25 |
| Martin ratioReturn relative to average drawdown | 3.71 | 4.54 | -0.84 |
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Drawdowns
CPLB vs. OILK - Drawdown Comparison
The maximum CPLB drawdown since its inception was -18.96%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for CPLB and OILK.
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Drawdown Indicators
| CPLB | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -83.76% | +64.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -21.19% | +18.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -23.42% | +18.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -34.69% | +15.77% |
Current DrawdownCurrent decline from peak | -1.82% | -10.57% | +8.75% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -32.28% | +25.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 8.49% | -7.54% |
Volatility
CPLB vs. OILK - Volatility Comparison
The current volatility for NYLI MacKay Core Plus Bond ETF (CPLB) is 0.81%, while ProShares K-1 Free Crude Oil ETF (OILK) has a volatility of 11.31%. This indicates that CPLB experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPLB | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 11.31% | -10.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 25.98% | -23.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 30.21% | -26.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 30.46% | -25.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 35.99% | -31.00% |
CPLB vs. OILK - Expense Ratio Comparison
CPLB has a 0.30% expense ratio, which is lower than OILK's 0.69% expense ratio.
Dividends
CPLB vs. OILK - Dividend Comparison
CPLB's dividend yield for the trailing twelve months is around 6.01%, less than OILK's 8.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 5.54% | 5.46% | 5.40% | 4.82% | 3.17% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil ETF | 8.37% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
CPLB and OILK have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (11.31%) compared to CPLB (0.81%). In terms of maximum drawdown, CPLB dropped -18.96% vs OILK's -83.76%.
On 5-year performance, OILK leads with 14.44% vs 0.42% for CPLB. On fees, CPLB is cheaper at 0.30% per year. On volatility, CPLB has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OILK has performed better with a 14.44% return vs 0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CPLB is cheaper with a 0.30% expense ratio, compared with 0.69% for OILK.
OILK has the higher dividend yield at 8.37%, compared with 5.54% for CPLB.
CPLB is categorized as Intermediate Core-Plus Bond, while OILK is Oil & Gas. They also come from different issuers: NYLI and ProShares. Their fees differ too: 0.30% for CPLB and 0.69% for OILK.
OILK currently has the higher Sharpe Ratio (1.13 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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